Mountain View, California-headquartered, Targeting Mantra a data analytics, and personalization service for on-line companies has closed a $1.1mn funding from 500Startups, Nexus Venture Partners and One97 Mobility Fund. TargetingMantra’s omni-channel personalization suite analyzes multiple data sources including user behaviour across web, mobile and other places to showcase the most relevant information and products to a user, thereby improving user satisfaction and increasing conversion rates and revenues for e-commerce players.

Wipro Arabia Ltd will implement and rollout the plant maintenance and project system functionality of the SAP ERP application for Saudi Electricity Company (SEC).

Announcing the “strategic partnership” entered into by its subsidiary, Wipro Ltd on Monday said SEC is the largest power utility company in the Middle East. The contract is for SEC’s distribution business line in Saudi Arabia, where the company has around five million customers.

The Android ecosystem might already span a billion devices, but Google wants to expand it further and at a faster pace. This is where its new programme, Android One, fits in.

No, it is not a new operating system, but an effort to bring the optimal hardware-software combo possible to the aggressive $100 price point. So the first set of Android One smartphones, launched in India and carrying Indian brands on the rear, will all be priced at Rs 6,399, aiming to woo the first-time smartphone buyers.

The benchmark BSE Sensex gained over 44 points in early trade today on emergence of buying by funds and retail investors in select stocks.

The 30-share index, which had lost 244.48 points in the previous session, recovered by 44.73 points, or 0.16 per cent, to 26,861.29, with realty, healthcare, capital goods, power, infrastructure and consumer durables shares leading the recovery.

Prime Minister Narendra Modi has given directions for Goods and Services Tax to be rolled out by April 2016.

Modi met finance minister Arun Jaitley on Monday to judge how far the GST preparations have moved. According to Jaitley, the Constitutional Amendment Bill to give states and the Centre co-equal power to tax services and production can be introduced in Parliament in the Winter Session. This is the first structured meeting on the tax measure that has been held by Modi.

MUMBAI/HONG KONG: US private equity firm KKR & Co LP has agreed to provide about $175 million in financing to India's GMR Infrastructure Ltd in a debt and equity deal, a source with direct knowledge of the matter told Reuters.

GMR will announce the transaction as early as Tuesday, said the source, who declined to be identified as the information was not yet public.

Shares of Index heavyweight Tata Motors dipped more than 1% to Rs 506 on the BSE in the early trades after global wholesales in August 2014, including Jaguar Land Rover, stood at 73,524 units showing a declination of 10% from the corresponding month last year.

Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range stood at 30,536 units and passenger vehicles in August 2014 stood at 11,338 units.

JPMorgan Chase expects gas prices in India to be raised in a staggered manner rather than one-time adjustment.

"Keeping the interests of both producers and consumers in mind, we expect prices to rise in a staggered fashion, rather than a large one-time increase," said.

State-owned Air India (AI) aims to substantially cut the number of routes not meeting variable costs, to reduce these to 19 per cent of its overall network by the end of the current financial year.

The carrier, which operates about 480 daily flights in the international and domestic sectors, had brought down the number of routes not meeting variable costs to 38 per cent of its network by the end of 2013-14, from 60 per cent.

The wholesale price index (WPI) -based inflation rate fell to a 58-month low of 3.74 per cent in August from 5.19 per cent the previous month, as the pace of price rise slowed across all broad categories, including food, official data showed on Monday. The rate had stood at 6.99 per cent in the same month last year.

The wholesale inflation rate in August, the lowest since the 1.78 per cent seen in October 2009, is well within the Reserve Bank of India’s (RBI’s) comfort zone of five per cent.

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